EBAY vs REED: Correlation
eBay Inc. (EBAY) and Reed's, Inc. (REED) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and REED?
On 3 years of weekly data the EBAY/REED correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.25). The 5-year figure is -0.10, and annualized covariance runs at -758.8 %².
Out of 33 assets tracked against EBAY, REED lands near the bottom at #33. The last year tells two different stories: EBAY led by 94.7 percentage points, +10.6% for EBAY against -84.1% for REED. One caveat on sizing: REED is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EBAY vs REED: side by side
| EBAY (eBay Inc.) | REED (Reed's, Inc.) | |
|---|---|---|
| 1-year return | +10.6% | -84.1% |
| 5-year return | +43.9% | -99.5% |
| Volatility (ann.) | 28.9% | 104.6% |
| Beta vs S&P 500 | 0.58 | -0.39 |
| Max drawdown (3Y) | -20.7% | -96.4% |
| Market cap | $45.5B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | EBAY | REED |
|---|---|---|
| 2022 | -36.5% | -80.6% |
| 2023 | +7.7% | -54.3% |
| 2024 | +44.8% | -60.6% |
| 2025 | +42.7% | -44.4% |
| 2026 | +18.1% | -53.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and REED good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EBAY and REED?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.36 over the last year and -0.10 over 5 years.
Is REED a good diversifier for EBAY?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ebay-vs-reed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ebay-vs-reed/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EBAY correlations · REED correlations
